Tesla Summary

Tesla is facing significant challenges as it seeks to expand its Full Self-Driving technology. CEO Elon Musk revealed that legacy automakers, including Ford, General Motors, and Stellantis, are uninterested in licensing Tesla's Full Self-Driving technology.

Musk's comments suggest a growing tension in the automotive landscape as Tesla continues to push its autonomous driving capabilities. Meanwhile, Tesla recently announced an expected approval date for Full Self-Driving in Europe, targeting February 2026, contingent on regulatory approval from the Dutch vehicle authority RDW.

The RDW emphasized that safety concerns, rather than public pressure, will dictate the timeline for FSD authorization in Europe. This cautious stance contrasts with Tesla's optimism about deploying its FSD technology across the continent.

In addition to its FSD ambitions, Tesla is reportedly losing AI talent to a new robotics startup, which could impact its innovation capabilities. On the operational front, Tesla is experiencing a surge in demand in Norway, poised to break its annual car sales record with 26,127 sales recorded so far.

As winter approaches, Tesla has also made adjustments to a crucial climate feature in response to owner requests, indicating a responsiveness to customer feedback. Furthermore, Tesla is backtracking on a controversial navigation feature after receiving numerous complaints from users regarding its functionality.

In a notable stock market development, Tesla stock has earned a 'must own' status from Wall Street firm Melius, signaling strong investor confidence in the company. Overall, Tesla's journey involves navigating regulatory hurdles, addressing customer concerns, and maintaining its competitive edge in the rapidly evolving automotive landscape.